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Orange heading for 500m euros
Orange Romania expects turnover worth 500m euros this year, up 25% since 2002, CEO Bernard Moscheni said. The company will invest $90m in IT and network expansion this year. Given the estima...
Romania expects 700m euros
Romania is releasing a bond issue on the international capital markets this week, but, in an unexpected move, the Finance Ministry has already announced the annual coupon rate it expects to...
Cosmorom losses: 76m euros
The RomTelecom Board has endorsed the company's annual financial reports on Monday, including losses worth 76 million euros related to the mobile telephony division Cosmorom, Greek group OTE...
Who's paying 20m euros for Cocor?
Cocor Store located in downtown Bucharest is up for sale to whomever is willing to pay 20 million euros for it, said Aurel Besliu, chairman of Cocor SA Company, the owner of the store. The c...
SEB counts on 10m euros
French producer SEB, whose portfolio includes brands such as Moulinex, Rowenta, Krups and Tefal, estimates to sell small household appliances worth 10 million euros this year. "We had set ou...
DAF trucks worth 20m euros
E. van Vijk Holding, sole importer of the DAF trucks for the Romanian market, forecasts sales worth 20m euros this year, up 5 million euros since 2002. "The increasing trend (which accounts...
Transelectrica gets 100m euros
National electricity carrier Transelectrica got a 74 million euro loan from the World Bank (WB). The company is set to contract a new loan worth about 25 million euros from the European Bank...
Garanta cashes 730,000 euros
Garanta, the Greek-Romanian insurance-reinsurance company recorded gross underwritten premiums worth 32.5 billion ROL (898,000 euros) in Q1, 2003, up 62% in ROL as compared to the year-ago p...
Sogeco invests 7m euros in Orastie
Italian group Sogeco International, one of the world's main coffeemaker producers, has invested seven million euros in building a factory in Orastie, Hunedoara county.#leadend# The factory i...